Gold... is it still worth buying?
By chiumee
@chiumee (850)
Philippines
December 17, 2009 3:42pm CST
when i had the chance to work out of my country, i thought maybe later, i will be able to buy my wife a better gold jewelry. as i waited till i got settled in my workplace, i kept my plan at hand. soon enough, i had the courage to find out from the local people how much is gold. some friends in my workplace inform me what is the current price as published in the daily newspaper. from the first time i heard from a friend, he told me this is now expensive, actually. so i thought i would wait just a little more time because my budget would not afford to get even just a piece of a thin gold ring. but months passed, i return to check the newspaper what is the current price. it became 50% more than the first time i heard it from a friend. i started to get disappointed. then, seasons arrive and gold becomes even more expensive. i don't think i will still go for this plan. lest i find a very good offer and keeping in mind to be careful from anyone who might just be swindling around.
3 responses
@willowgirl (188)
•
17 Dec 09
The price of gold is high because of the economic situation. People are buying gold because they are worried that the economies and currencies of various countries might not be that stable.
At the moment there is some hope that the economic situation is improving in which case the price of gold will drop. Of course if things get worse then gold will go much higher!
you could always buy your wife some beautiful silver jewlery for now?
@chiumee (850)
• Philippines
19 Dec 09
this actually confuses me if what is controlling the price of gold. or is the basis of foreign exchange rates depend of the prices of gold and oil? but anyways, i will find a good design and something that satisfies me and i think i won't bother if it is silver or gold and if it is a little expensive but not too expensive. still i won't go for that much expensive.it troubles me more if i wear something very expensive. i would feel like i am in the midst of all the thieves and criminals wanting my jewelry.
@willowgirl (188)
•
21 Dec 09
Various countries are presently quietly printing scads of paper money this devalues them against the value of gold as a currency basically. Basically certain countries *cough* have been bailing out their banks etc with huge sums of money so that their economies don't collapse. They are financing this by printing more money. This used to be called devaluing your currency in the old non-enlightened days. These days we call it qualitative easing which is much nicer and easier to understand for people that might not understand that it is being done to help the economy and is actually completely lovely. ;)
@chiumee (850)
• Philippines
19 Dec 09
it's true. but i have to consider my budget for the next few months. right now, i am canvassing the prices everywhere. hopefully i will find a good design and at least at the right price. i would be scared to see a very light piece of gold which is almost double the actual price.
@OYGAK2005 (371)
• Saudi Arabia
18 Dec 09
hi, chiumee...i noted to everyday's gold prices....in the recent couple of mounths gold pices very unsteadiness.so i think at this situations buy gold and golden jewelry a bit dangerous...
